KUALA LUMPUR: The United States should “think twice” before giving Malaysia back the money recovered from an anti-kleptocracy probe into state fund 1M...
The United States should “think twice” before giving Malaysia back the money recovered from an anti-kleptocracy probe into state fund 1MDB, former prime minister Tun Dr Mahathir MohamadMahathir, 94, abruptly resigned last month before being replaced by Muhyiddin Yassin, whose Perikatan Nasional coalition includes the former ruling party Umno, despite voters rejecting it in the 2018 general election amid a backlash over the multi-billion dollar scandal at 1MDB.
The DoJ returned nearly US$200 million to Malaysia in May, but a second transfer of about US$240 million was delayed last month amid uncertainty following Mahathir’s resignation, sources have said.the DoJ should re-consider its decision to send the money to Malaysia after the return of Najib’s party to the government.
At least six countries are investigating alleged graft and money laundering at 1MDB, founded by then-premier Najib in 2009.
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